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JBT Marel vs Kadant: JBTM and KAI compared
JBT Marel is the larger company: $994M of revenue in its latest quarter (Q3 2026) against $313M for Kadant (Q3 2026). Kadant is growing faster (+15% against -0.7% a year earlier). Kadant is more profitable, with an operating margin of 17.1% against 10.1%.
Where the money goes: JBTM and KAI
JBT Marel (JBTM) · Q3 2026
JBT Marel, Q3 2026: revenue $994M (-0.7% year over year), operating margin 10.1%, net earnings $70.0M, operating cash flow $99.0M. The chart follows the revenue to costs, profit and cash.
Kadant (KAI) · Q3 2026
Kadant, Q3 2026: revenue $313M (+15% year over year), operating margin 17.1%, net earnings $35.1M. The chart follows the revenue to costs, profit and cash.
| JBT Marel (JBTM) | Kadant (KAI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $994M | $313M |
| Revenue growth, Y/Y | -0.7% | +15% |
| Operating margin | 10.1% | 17.1% |
| Net earnings | $70.0M | $35.1M |
| Net margin | 7.0% | 11.2% |
| Operating cash flow | $99.0M | — |
| Free cash flow | $73.0M | — |
| Market value | $6.6B | $3.1B |
| P/E | 34.0× | 27.9× |
| Analysts’ mean target | $167.38 | $357.50 |
Where the revenue comes from
JBT Marel
- Prepared Food and Beverage Solutions: $525M (53%)
- Protein Solutions: $469M (47%)
Kadant
- Industrial Processing: $143M (46%)
- Flow Control: $102M (33%)
- Material Handling: $67.4M (22%)
Questions
Which is bigger, JBT Marel or Kadant?
JBT Marel is the larger company: $994M of revenue in its latest quarter (Q3 2026) against $313M for Kadant (Q3 2026).
Is JBT Marel or Kadant growing faster?
Kadant is growing faster (+15% against -0.7% a year earlier).
Which is more profitable, JBT Marel or Kadant?
Kadant is more profitable, with an operating margin of 17.1% against 10.1%.
More: JBT Marel earnings · how JBT Marel makes money · Kadant earnings · how Kadant makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 8-K filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.